Sunday, February 3, 2019

Benefits of owning a home

My family rented an apartment for almost 20 years. It was home. The community was great, everyone got along, our neighbors were like part of the family, it was a happy place. The sad part was when the day came that the owner sold that apartment. We had no choice but to look for another place. It was hard. It happened all of a sudden. We found some to be too costly, while the ones that were affordable are far from schools, hospitals, market, heck they were far from anywhere. We eventually got a new place, but it was just a room for rent. It was a house with two rooms, when the guys who rented the other room left, my parents decided to get it also which means we get to have the house for ourselves. That meant a bigger bill. Until they decided to get their own house. A good person (agent) helped them out to decide, and thanks to that person, we had a decent home in a decent community, more importantly, a place we can call our own. It also helped my Mommy with the budget.

What are the benefits of owning a home?

1. Provide a nest egg for the future

2. Your costs are predictable and more stable than renting because they're ideally based on a fixed-rate mortgage.

3. It increases in value as time goes by

4. Build equity

5. Greater privacy

For many people, owning a home is the fulfillment of a dream. Purchasing a home is one of the biggest financial decisions you will make in your life.

To help you decide, you might want to consider to ask Allwell Homes Realty. They will guide you every step of the way. You may call 0920 9466387.